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8-K ·Filed Oct 14, 2026

MS

MORGAN STANLEY
NEUTRAL
Impact 5/10
Horizondays Processed13d 21h ago SEC0000895421-26-000288
8-K Item 2.02: Earnings release
Actionable Insight • Neutral

The sequential revenue decline (-5% QoQ) and elevated credit provisions ($148M vs $0 YoY) temper the headline beat. Watch for Q4 guidance on investment banking pipeline and credit loss trends, as the Institutional Securities segment showed weakness in fixed income (-7% YoY) and underwriting (-11% QoQ).

DirectionNeutral
Confidencehigh
Horizondays
Latest settled: T+5d
MS ▲ +3.03% at T+5d
NEUTRAL call +3.03% · α vs SPY +2.58% · entry $181.51 → $187.01
Next anchor: T+20d in 14d
Latest observation: T+7 +4.10% FF3 residual α
Entry = T+0 close
Oct 14, 2026
via day close
T+1d
+0.33%
call +0.33% · α +0.04%
$182.10
settled 13d ago
T+5d
+3.03%
call +3.03% · α +2.58%
$187.01
settled 7d ago
T+20d
Pending
in 14d
T+60d
Pending
in 3mo

Price Chart

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Executive Summary

Morgan Stanley reported Q3 2026 net revenues of $20.3B (+12% YoY) and EPS of $3.03 (+8% YoY), beating consensus estimates of $2.93. Wealth Management posted record revenues of $9.1B with $232B in net new assets, while Institutional Securities equity revenue surged 41% YoY. However, total revenues declined 5% sequentially from Q2 2026, and the Investment Management segment saw a 12% YoY revenue decline due to a reversal of carried interest.

Key Financial Metrics

EPS
$3.03
est $2.93 · +3.4%
Revenue
$20.3B
est $20.3B · +0.1% · +11.6% YoY
Rating
beat

Key Facts

  • Net revenues $20.3B, +12% YoY but -5% QoQ
  • EPS $3.03 vs consensus $2.93 (+3.5% beat)
  • Wealth Management record revenues $9.1B, +10% YoY
  • Wealth Management net new assets $232B, +187% YoY
  • Institutional Securities equity revenue $5.8B, +41% YoY
  • Investment Management revenue $1.5B, -12% YoY
  • Firm repurchased $1.5B of common stock in Q3
  • Standardized CET1 ratio 14.9%, stable QoQ
  • ROTCE 22.6% vs 23.5% a year ago
  • Provision for credit losses $148M vs $0 a year ago

Financial Impact

EPS beat of ~3.5% on $20.3B revenue; Wealth Management fee-based flows $80.5B (+92% YoY)

revenueepsnet incomewealth management assetscredit provisions

Risk Factors

  • Credit provisions rose to $148M from $0 a year ago, with $105M in charge-offs
  • Investment Management revenue declined 12% YoY on carried interest reversal
  • Fixed income revenue -7% YoY and -18% QoQ
  • Sequential revenue decline of 5% from Q2 2026
  • Tier 1 leverage ratio declined to 5.9% from 6.8% a year ago

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0000895421-26-000288
Document: a3q26msearningsrelease.htm0000895421-26-000288
Document: ms-20261014.htm0000895421-26-000288
Document: 0000895421-26-000288-index-headers.html0000895421-26-000288
Document: 0000895421-26-000288-index.html0000895421-26-000288
Document: 0000895421-26-000288.txt0000895421-26-000288
8-K Data (Synthetic)0000895421-26-000288
13 reports for MS
Performance horizon
0% Hit rate @ T+20 0 of 4 directional calls Went positive at some point 0 of 4 best @ T+1▼ −0.37%Apr 15, 2026
Filters
Rows
Reports for MS, sortable and filterable
TypeNow
Oct 27, 2026
today
Institutional Cluster
BULLISH ★ 4/10
$187.45awaiting T+20awaiting T+20$186.91 (−0.29%)
Oct 16, 2026
11d ago
144
NEUTRAL ★ 2/10
$178.47awaiting T+20awaiting T+20$186.91 (+4.73%)
Oct 14, 2026
13d ago
8-K
NEUTRAL ★ 5/10
$181.51awaiting T+20awaiting T+20$186.91 (+2.98%)
Oct 8, 2026
19d ago
ANALYST-UPGRADE
NEUTRAL ★ 1/10
$187.44awaiting T+20awaiting T+20$186.91 (−0.28%)
Aug 14, 2026
10w ago
Court Ruling
NEUTRAL ★ 2/10
$218.21 $206.28▼ −5.47%▼ −3.49%$186.91 (−14.34%)
Aug 13, 2026
10w ago
13F-HR
BULLISH ★ 6/10
$218.38 $214.38▼ −1.83%▼ −0.08%$186.91 (−14.41%)
Jul 17, 2026
14w ago
Insider Cluster
NEUTRAL ★ 3/10
$210.94 $218.21▲ +3.45%▼ −0.67%$186.91 (−11.39%)
Jul 15, 2026
14w ago
8-K
BULLISH ★ 6/10
$228.55 $217.64▼ −4.77%▼ −7.12%$186.91 (−18.22%)
Jun 24, 2026
17w ago
8-K
BULLISH ★ 6/10
$221.04 $215.18▼ −2.65%▼ −3.18%$186.91 (−15.44%)
Jun 5, 2026
20w ago
Court Ruling
NEUTRAL ★ 2/10
$211.93 $222.10▲ +4.80%▲ +2.94%$186.91 (−11.81%)
Showing 10 of 13

US Market Status

Market Closed · Opens in 4h 32m

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Report published Oct 14, 2026